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Fidelity Investments customers may be eligible for a payout from the company’s $2.5 million settlement of a class-action lawsuit involving a 2024 data breach.
Fidelity Investments and Fidelity Brokerage Services agreed on May 13th to the settlement. The lawsuit, filed in federal court in Massachusetts, claimed Fidelity failed to protect its computer network from a “data security incident” that occurred between Aug. 17, 2024, and Aug. 19, 2024.
During that period, a third party gained unauthorized access to the network and obtained certain information, according to the settlement website. As part of the settlement, Fidelity denied any wrongdoing.
COMMENTS APPRECIATED
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